Carbon finance

March 26, 2013 - 3:10pm

Some business aviation and smaller airline operators are facing the prospect of fines for failing to meet the European Union’s April 30 deadline for submitting carbon credits under the emissions trading scheme (ETS), according to carbon trading specialist CF Partners.

February 26, 2013 - 11:22am

The International Air Transport Association (IATA) called for governments to reach a consensus on a global approach to market-based measures (MBMs) to help aviation manage its carbon emissions during this week’s Greener Skies Conference in Hong Kong.

January 3, 2013 - 2:48am

ETS is still in full force for all flights between airports in the 27 European Union states, and also in the so-called European Economic Area (also including Iceland, Norway and Liechtenstein) as well as Switzerland and Croatia. The European Commission has made it clear that non-European operators will still be required to complete the monitoring, reporting and verification (MRV) process for carbon dioxide emissions from intra-European flights. They will also be required to submit carbon credits covering these emissions. Legal opinion seems to be in agreement that the new U.S.

December 17, 2012 - 1:40pm

The “high level group” formed by the International Civil Aviation Organization (ICAO) to develop a global agreement on reducing carbon emissions from the air transport industry convened for the first time on December 12. The group aims to draft a plan for adoption at the next ICAO Council, scheduled for September and October 2013.

November 3, 2012 - 12:10am

Commodities trading specialist CF Partners is offering what it says will be an easy way for aircraft operators to buy and sell carbon credits as part of their obligations under the European Union’s emissions trading scheme (ETS). The service has been launched in partnership with ETS Aviation, which already helps operators with the carbon emissions monitoring, reporting and verification aspects of ETS compliance, with its Aviation Footprinter and Support Services products.

November 1, 2012 - 11:20am

Universal Weather & Aviation has expanded its European emissions trading scheme (EU-ETS) portal to provide better access for operators looking to purchase carbon credits. “For business aviation operators, Phase III of EU-ETS will be the first time they’ve been required to participate in the carbon market,” said Adam Hartley, Universal’s supervisor of global regulatory services. To minimize confusion on the part of customers, the company has selected CFP Energy to serve as a carbon brokerage, and extended its 24/7 support and assistance with ETS monitoring and reporting requirements.

October 17, 2012 - 1:51pm

A refreshing perspective on the European Union’s Emissions Trading Scheme went largely unnoticed last week, when organizers of a conference call to discuss a new study commissioned by the German Marshall Fund of the United States canceled the event due to a lack of registrants.

October 15, 2012 - 12:50pm

U.S. airlines and their Congressional allies have based their opposition to the European Union’s emissions trading scheme largely on the bogus contention that it amounts to an infringement of national sovereignty, according to a policy brief commissioned by the German Marshall Fund of the United States and produced by Washington, D.C.-based consultancy Climate Advisors. The new report, published on October 11, argues that international aviation rules generally allow nations to regulate flights in and out of their territories, as long as they don’t discriminate against foreign carriers.

September 25, 2012 - 4:00pm

Several aviation groups, including NBAA and Airlines for America, applauded the Senate’s passage of legislation in the early hours on Saturday that prohibits operators of U.S. aircraft from participating in the European Union Emissions Trading Scheme (EU-ETS), which would require them to buy carbon credits to cover aviation carbon dioxide emissions. The Senate bill, S.1956, the “European Union Emissions Trading Scheme Prohibition Act,” directs the transportation secretary to prevent all U.S.

September 18, 2012 - 3:25pm

Nineteen U.S. aviation organizations–including NBAA, NATA, AOPA and GAMA–sent a joint letter to President Obama yesterday urging him to “challenge the inclusion of international aviation under the European Union Emissions Trading Scheme (EU-ETS) by initiating an Article 84 proceeding in the International Civil Aviation Organization (ICAO).” Invoking Article 84 allows the ICAO council to decide disputes that cannot be settled between member states.

 
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